As we move forward comments from the White House press secretary will subtly deliver the message of how the Trump administration will manage the tricky task of ensuring the Cannabis Industry continue on it’s growth ramp and let Federal Regulation stand down to State oversee. “I do believe you’ll see greater enforcement of it,” Spicer said at a news conference. “Because again there’s a big difference between the medical use … that’s very different than the recreational use, which is something the Department of Justice will be further looking into.”
- Sub-sectors of the industry should get a bump related to Medical specific enforcement.
- Prices will continue to fall.
- Services and Security sectors should continue to rally.
- This is the first of many references which will create volatility in the industry so be ready
- In what sector does your public company or investment reside
We think there will be 1500 publicly traded Cannabis companies by 2018 ( now there are around 500) and the industry will divide into sectors like every other industry. The industry is in the 1st inning of a very long game. See the entire presser below which picks up at 42 minutes in. His comments are well into his talk, and are 10 second blip listed above, but the Spicer conferences are always worth watching – specifically how he deals with questions. Skip to the Q&A at 1 hour 20 in.
Below is information on a great index we follow. The Index is broken down into sub-sectors. See a sample weekly ping from Scott Greiper and his worthy staff at Viridian. Sign Up for Viridian Newsletter here. Below is a sample of the weekly outreach..
Viridian Cannabis Stock Index
chart and photo attribute from Viridian Capital Advisor website
We have been working with Cannabis Companies to assist in navigating the world of publicly traded shares. Much of this is about a lack of banking options, and a confusing regulatory landscape. This is only solved by market awareness at the C-Level and and informed investor perspective. 2017 will be the year of living dangerously in Cannabis..and we love it !!!!
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cover photo attribute from Raw Story